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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10172)11/22/1997 12:01:00 PM
From: Haim R. Branisteanu  Read Replies (3) of 94695
 
Bill a must read in todays BARRONS - page 24, Courting Catastrophe .

The implication are of extreme importance for every option trader should be of major significance as a PUT buyer may not see the proceeds even if his purchase was proven right as the other side of the transaction may fail to be solvent!!

Only hope for a orderly market slide with lower highs and lower lows. Well Abelson's feature of the week anticipates a PE of 12 from 22!!! I will vote for 15 to 16, which is still 30% below todays levels

Hello BULS <;O).

Yamaichi any one??
LONDON, Nov 22 (Reuters) - The Bank of England said on Saturday it was keeping a watchful eye on the crisis at Japan's Yamaichi Securities Co Ltd which has banking and equities operations in London.

biz.yahoo.com

Haim

P.S. I was also looking at some Hi tech comanies, SUNW comes to mind and others to, on a very selective basis.
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